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Democrat’s bill would strip PGA Tour of tax exemption after LIV merger

Por: The Hill Politics June 08, 2023

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Rep. John Garamendi (D-Calif.) has introduced legislation that would strip the PGA Tour of its tax exempt status after the golfing league announced its agreement to merge with the Saudi-backed LIV Golf league.  The bill, the “No Corporate Tax Exemption for Professional Sports Act,” would end the tax loophole that the PGA Tour and other professional sports leagues have exploited to avoid paying any federal corporate income tax. Leagues that... + full article



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